Accounting Center
The accounting center that delivers rich financial insight.
WHAT YOU CAN DO
Simplify accounting for finance teams.
Workday Accounting Center ingests, enriches, and transforms business events into detailed accounting data.
With complete data lineage back to source transactions, you can gain deeper insights, resolve variances faster, and reduce time to close.
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High-volume data ingestion
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Accounting transformation and process orchestration
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User-defined rules
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Automated error handling
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Complete data lineage
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Financial and operational analysis
“We’ve been able to retire our custom legacy solution, simplify our processes, and improve financial reporting and analysis, data lineage, flexibility, and scalability.”
Designed for accounting.
Quickly turn data into insight.
Transform business-event data into accounting, and blend with operational data for richer financial and operational analysis.
Gain visibility and control over data.
Manage the entire data transformation process, starting with ingesting operational data, enriching with calculations, creating accounting, and resolving errors.
Bring greater efficiency to your finance processes.
With all accounting in one solution, you can simplify reconciliation and consolidation to achieve a faster and more accurate close.
Manage the rules your way.
Our accounting rules engine is written in business language, not code. This allows your accounting team to easily maintain and modify the rules as needed.
Quickly turn data into insight.
Transform business-event data into accounting, and blend with operational data for richer financial and operational analysis.
Gain visibility and control over data.
Manage the entire data transformation process, starting with ingesting operational data, enriching with calculations, creating accounting, and resolving errors.
Bring greater efficiency to your finance processes.
With all accounting in one solution, you can simplify reconciliation and consolidation to achieve a faster and more accurate close.
Manage the rules your way.
Our accounting rules engine is written in business language, not code. This allows your accounting team to easily maintain and modify the rules as needed.
Set a new standard for insight.
Explore your P&L by line of business, product, sales region, and salesperson. And use powerful ad hoc reporting to surface more meaningful insights, update forecasts faster, and empower stakeholders to make quicker decisions.
Easily meet audit requirements.
Our always-on audit automatically tracks and documents changes to rules and mappings. This makes it easy for you to monitor and provide the control and compliance required by auditors.
Ways you can use Workday Accounting Center.
Revenue recognition.
Transform operational data—such as policy, media production, or technology order data—into accounting to recognize revenue, including deferred revenue.
Expense recognition.
Recognize expenses from business events, including deferred and prepaid expenses, to match the revenue being recognized.
Cash subledger.
Recognize cash sales, credit card sales, billings, and payments from cash transactions and transform them into accounting.
Detailed subsidiary insight.
Create a virtual subledger to transform summarized journals into more granular detail, providing richer financial and operational reporting.